Connect with us

Energy

Grupo Simec Announces Results of Operations for the First Six Months of 2021

Published

on

GUADALAJARA, Mexico, July 13, 2021 /PRNewswire/ — Grupo Simec, S.A.B. de C.V. (NYSE: SIM) (“Simec”) announced today its results of operations for the sixth-month period ended June 30th, 2021.

Comparative first six months of 2021 vs. first six months of 2020

Net Sales

Net sales of the Company increased from Ps. 16,096 million in the first half of 2020 to Ps. 28,613 million in the first half of 2021. Shipments increased 18% from 1,162 thousand tons in the first half of 2020 to 1,369 thousand tons in the first half of 2021. Total sales outside of Mexico in the first half of 2021 increased 77% to Ps. 14,458 million compared to Ps. 8,168 million in the first half of 2020. Mexican sales increased 79% from Ps. 7,928 million in the first half of 2020 to Ps. 14,155 million in the first half of 2021. Sales increased for the first half of 2021 compared to the first half of 2020, is due to the combined of increase in the average sales price of 51% and increase in the volume of shipments approximately of 207 thousand tons that represent an 18%.

Cost of Sales

Cost of sales increased 59% from Ps. 13,173 million in the first half of 2020, to Ps. 20,909 million in the first half of 2021. Cost of sales as a percentage of net sales represented 73% in the first half of 2021 while in the first half of 2020 represented 82%. Cost of sales increased due to mix products and a higher volume of products shipped.

Gross Profit

Gross profit of the Company for the first half of 2021 increased 164% from Ps. 2,923 million in the first half of 2020, to Ps. 7,704 million in the first half of 2021. Gross profit as percentage of net sales in the first half of 2021 was of 27%, while in the first half of 2020 was of 18%. The gross profit between both periods is given by better mix products shipped and higher average price.

Selling, General and Administrative Expense

Selling, general and administrative expense increased 13%, from Ps. 867 million in the first half of 2020 to Ps. 984 million in the same period 2021, selling, general and administrative expense represented 5% of the net sales in the second quarter of 2020 and 3% in the second quarter of 2021.

Other Income (Expenses,) net

The Company recorded other expense net for Ps. 30 million in the first half of 2021 million compared to other income Ps. 160 million in the same period of 2020.

Operating Income

Operating income increased 202% from Ps. 2,216 million for the first half of 2020 compared to Ps. 6,690 million in the first half of 2021. Operating income as percentage of net sales was 23% in the first half of 2021 compared to 14% in the same period of 2020. The increase in operating profit is mainly due to the mix of products shipped and higher sales prices.

Ebitda

The Ebitda amounted to Ps. 2,851 million in the first semester of 2020 as a result of a net income of Ps. 2,460 million, less minority stake of Ps. 3 million, plus income taxes of Ps. 951 million, less comprehensive financial cost of Ps. 1,193 million, plus depreciation of Ps. 636 million to Ps 7,283 million in the first semester of 2021 as a result a net income of Ps. 4,977 million, plus minority stake of Ps. 1 million, plus income taxes of Ps. 1,631 million, plus comprehensive financial cost of Ps. 81 million, plus depreciation of Ps. 593 million.

Consolidated 



Million  


Comparative first six months of 2021 vs first six months of 2020,



2021



2020

Net income (loss) attributable to Vale’s stockholders



4,977




2,460

Loss attributable to noncontrolling interests



1




(3)

Net income (loss)



4,978




2,457

Depreciation, depletion and amortization



593




636

Income taxes



1,631




951

Financial results income (loss)



81




(1,193)

EBITDA



7,283




2,851









Items to reconciled adjusted EBITDA








Equity results and other results in associates and joint ventures



0




0

Dividends received and interest from associates and joint ventures (i)



0




0

Impairment and disposal of non-current assets



0




0

Adjusted EBITDA



7,283




2,851

Comprehensive Financial Cost

Comprehensive financial cost for the first half of 2021 represented an expense of Ps. 81 million compared with an income of Ps. 1,193 million for the first half of 2020. The comprehensive financial cost is comprised by the exchange loss of Ps. 55 million in the first half of 2021 compared with an exchange income of Ps. 1,148 million in the first half of 2020. Likewise, the Company recorded a net expense interest of Ps. 26 million for the first half of 2021 compared with a net income interest of Ps. 45 million in 2020.

Income Taxes

The Company recorded an expense of Ps. 1,631 million for the net income tax during the first half of 2021, (comprised for a current expense tax of Ps. 1,610 million and expense for deferred tax of Ps. 21 million) compared with an expense of Ps. 951 million to the first half of 2020 (comprised for a current expense tax of Ps. 954 million and income for deferred tax of Ps. 3 million).

Net Income

As a result of the foregoing, the Company recorded an increase in net income of 102% to pass of Ps. 2,460 million in the first half of 2020 to Ps. 4,977 million in the same period of 2021.

Comparative second quarter of 2021 vs. first quarter of 2021

Net Sales

Net sales of the Company increased 14% in the second quarter of 2021 compared to the first quarter of the same period, to pass of Ps. 13,355 million during the first quarter of 2021 to Ps. 15,258 million in the second quarter of 2021. Shipments of finished steel products increased from 682 thousand tons in the first quarter of 2021 to 687 thousand tons in the second quarter of the same year. Total sales outside of Mexico in the second quarter of 2021 increased 16% to get to Ps. 7,767 million compared to Ps. 6,691 million of the first quarter of the same year. Domestic sales increased from Ps. 6,664 million in the first quarter of 2021 to Ps. 7,491 million in the second quarter of the same year. The sales increased mainly higher shipped by 5 thousand tons compared with the first quarter that represent a 1% and an income sales price in 13%.

Cost of Sales

Cost of sales increased 8% from Ps. 10,055 million in the first quarter of 2021 to Ps. 10,854 million in the second quarter of 2021. Cost of sales as a percentage of net sales represented 75% for the first quarter of 2021 compared to 71% in the second quarter of the same year, the average cost of sales by ton record an increase between both quarters of 7%.

Gross Profit

Gross profit of the Company for the second quarter of 2021 increased 33% to pass of Ps. 3,300 million in the first quarter of 2021 to Ps. 4,404 million in the second quarter of same year. Gross profit as a percentage of net sales represented 25% for the first quarter of 2021 compared to 29% in the second quarter of the same year. The gross profit in the second quarter of 2021 it originates from a higher average sale.

Selling, General and Administrative Expense

Selling, general and administrative expense increased 7%, from Ps. 475 million in the first quarter of 2021 to Ps. 509 million in the second quarter of the same year, and as percentage of net sales represented 4% in the first quarter of 2021 compared to 3% in the second quarter of the same year.

Other (Expenses) Income, net

The Company recorded other expenses net for Ps. 17 million during the second quarter of 2021 compared to other expenses net for Ps. 13 million in the first quarter of 2021.

Operating Income

Operating income increased 38%, of Ps. 2,812 million in the first quarter of 2021 compared to Ps. 3,878 million of the second quarter of the same year. Operating income as percentage of net sales was 21% for the first quarter of 2021 compared to 25% for the second quarter of the same year. The operating income is due mainly to a better average sale price.

Ebitda

The Ebitda amounted to Ps. 3,113 million in the first quarter of 2021 as a result of a net income of Ps. 2,644 million, less minority stake of Ps. 0 million, plus income taxes of Ps. 391 million, less comprehensive financial cost of Ps. 223 million, plus depreciation of Ps. 301 million to Ps 4,170 million in the second quarter of 2021 as a result of a net income of Ps. 2,333 million, plus minority stake of Ps. 1 million, plus income taxes of Ps. 1,240 million, plus comprehensive financial cost of Ps. 304 million, plus depreciation of Ps. 292 million.

Consolidated 



Million  


Comparative second quarter of 2021 vs first quarter of 2021,



2021



2020

Net income (loss) attributable to Vale’s stockholders



2,333




2,644

Loss attributable to noncontrolling interests



1





Net income (loss)



2,334




2,644

Depreciation, depletion and amortization



292




301

Income taxes



1,240




391

Financial results income (loss)



304




(223)

EBITDA



4,170




3,113









Items to reconciled adjusted EBITDA








Equity results and other results in associates and joint ventures



0




0

Dividends received and interest from associates and joint ventures (i)



0




0

Impairment and disposal of non-current assets



0




0

Adjusted EBITDA



4,170




3,113

Comprehensive Financial Cost

Comprehensive financial cost of the Company in the second quarter of 2021 represented an expense of Ps. 304 million compared with of Ps. 223 million an income for the first quarter of 2021. The comprehensive financial cost is comprised for the net interest expense of Ps. 9 million in the second quarter of 2021, while in the first quarter was a net expense of Ps. 17 million. Likewise, we recorded a net exchange loss of Ps. 295 million in the second quarter of 2021 compared a net exchange income Ps. 240 million in the first quarter of the same year.

Income Taxes

The Company have been recorded an expense of Ps. 1,240 million of income tax during the second quarter of 2021, (comprised for an expense by current tax of Ps. 1,210 million and an expense for deferred tax of Ps. 30 million) compared with the Ps. 391 million of expense for the first quarter of the same year, (comprised for an expense by current tax of Ps. 399 million and income for deferred tax of Ps. 8 million).

Net Income

As a result of the foregoing, the Company recorded a decrease of 12% from a net income of Ps. 2,644 million in the first quarter of 2021 compared to a net income of Ps. 2,333 million for the second quarter of 2021.

Liquidity and Capital Resources

As of June 30th, 2021, Simec’s total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes (“MTN’s”) due 1998, or Ps. 6.0 million (accrued interest on June 30th, 2021 was U.S. $654,000, or Ps. 13.0 million).  As of December 31, 2020, Simec’s total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes (“MTN’s”) due 1998, or Ps. 6.02 million (accrued interest on December 31, 2020 was U.S. $640,000, or Ps. 12.8 million).

Comparative second quarter of 2021 vs. second quarter of 2020

Net Sales

Net sales of the Company increased 101% from Ps. 7,596 million during the second quarter of 2020 to Ps. 15,258 million in the second quarter of 2021. Sales in tons of finished steel increased 27% from 540 thousand tons in the second quarter of 2020 compared with 687 thousand tons in the second quarter of 2021. Sales outside of Mexico in the second quarter of 2021 increased 91% from Ps. 4,072 million in the second quarter of 2020 to Ps. 7,767 million in the second quarter of 2021. Domestic sales increased 113% from Ps. 3,524 million in the second quarter of 2020 to Ps. 7,491 million in the second quarter of 2021. The increase in sales in the second quarter of 2021 compared to the second quarter of 2020 is due to an increase in the average sales price of 58% and a increase in the volume of shipments approximately of 147 thousand of tons that represents 27%.

Cost of Sales

Cost of sales increased 75% in the second quarter of 2021 compared to the second quarter of 2020 from Ps. 6,213 million in the second quarter of 2020 to Ps. 10,854 million in the second quarter of 2021. With respect to sales, the cost of sales of the second quarter of 2021 represented 71% compared to 82% for the second quarter of 2020. The average cost of sales by ton of steel products increased 37% in the second quarter of 2021 versus the second quarter of 2020, due to the cost of certain raw materials mainly scrap and electrodes and the volume shipped.

Gross (Loss) Profit

Gross profit of the Company for the second quarter of 2021 amount to Ps. 4,404 million compared to Ps. 1,383 million in the second quarter of 2020, this represented an increase of 218% between both periods. Gross profit as a percentage of net sales for the second quarter of 2021 was 29% compared to 18% of the second quarter of 2020. The increase in gross profit is mainly due to a higher average sales price and a higher volume shipped, in the second quarter of 2021 compared to the second quarter of 2020.

Selling, General and Administrative Expense

The selling, general and administrative expenses increased 17% in the second quarter of 2021 from Ps. 436 million in the second quarter of 2020 to Ps. 509 million in the second quarter of 2021. Selling, general and administrative expense as a percentage of net sales represented 3% in the second quarter of 2021 compared to 6% of the second quarter of 2020.

Other Income (Expenses), net

The company recorded other expenses net of Ps. 17 million in the second quarter of 2021 compared with other income net of Ps. 58 million for the second quarter of 2020.

Operating (Loss) Income

Operating income amounted to Ps. 3.878 million in the second quarter 2021 compared to Ps. 1.005 million in the second quarter of 2020, this represented 389% of increase between both quarters. The operating income as a percentage of net sales was 25% for the second quarter of 2021, compared to 13% of the second quarter of 2020. The increase in operating profit is due to a higher average sale price.

Ebitda

The Ebitda amounted to Ps. 1,325 million in the second quarter of 2020 as a result of a net income of Ps. 546 million, less minority stake of Ps. 16 million, plus income taxes of Ps. 373 million, plus comprehensive financial cost of Ps. 69 million, plus depreciation of Ps. 321 million to Ps 4,170 million in the second quarter of 2021 as a result of a net income of Ps. 2,333 million, plus minority stake of Ps. 1 million, plus income taxes of Ps. 1,240 million, plus comprehensive financial cost of Ps. 304 million, plus depreciation of Ps. 292 million.

Consolidated 



Million  


Comparative second quarter of 2021 vs second quarter of 2020,



2021



2020

Net income (loss) attributable to Vale’s stockholders



2,333




546

Loss attributable to noncontrolling interests



1




16

Net income (loss)



2,334




562

Depreciation, depletion and amortization



292




321

Income taxes



1,240




373

Financial results income (loss)



304




69

EBITDA



4,170




1,325









Items to reconciled adjusted EBITDA








Equity results and other results in associates and joint ventures



0




0

Dividends received and interest from associates and joint ventures (i)



0




0

Impairment and disposal of non-current assets



0




0

Adjusted EBITDA



4,170




1,325

Comprehensive Financial Cost

Comprehensive financial cost of the Company for the second quarter of 2021 represented a net expense of Ps. 304 million compared with a net expense of Ps. 69 million for the second quarter of 2020. The comprehensive financial cost is comprised for the net interest expense of Ps. 9 million in the second quarter of 2021, compared to a net interest income of Ps. 1 million for the same period of 2020. Also record an exchange loss of Ps. 295 million in the second quarter of 2021 and an exchange loss of Ps. 70 million in the second quarter of 2020.

Income Taxes

The company recorded an expense of Ps. 1,240 million of expense tax in the second quarter of 2021, (comprised by current expense tax of Ps. 1,210 million and an expense for deferred tax of Ps. 30 million) compared to an expense accrual of Ps. 373 million for income tax for the second quarter of 2020, (comprised by current expense tax of Ps. 364 million and an income for deferred tax of Ps. 9 million).

Net Income (Loss)

As a result of the foregoing, the Company recorded a net income of Ps. 2,333 million in the second quarter of 2021 compared to Ps. 546 million for the second quarter of 2020, an increase of 327% between both quarters.

(millions of pesos)

1H ’21


1H ’20


Year 21 VS ’20

Sales

28,613


16,096


78%

Cost of Sales

20,909


13,173


59%

Gross Profit

7,704


2,923


164%

Selling, General and Administrative Expense

984


867


13%

Other Income (Expenses), net

(30)


160


(119%)

Operating Profit

6,690


2,216


202%

EBITDA

7,283


2,851


155%

Net income 

4,977


2,460


102%

Sales Outside Mexico

14,458


8,168


77%

Sales in Mexico

14,155


7,928


79%

Total Sales (Tons)

1,369


1,162


18%

Quarter






(millions of pesos)

2Q’21

1Q ’21

2Q ’20

2Q´21vs 1Q´21

2Q´21 vs 2Q ’20

Sales

15,258

13,355

7,596

14%

101%

Cost of Sales

10,854

10,055

6,213

8%

75%

Gross Profit

4,404

3,300

1,383

33%

218%

Selling, General and Adm. Expenses

509

475

436

7%

17%

Other Income (Expenses), net

(17)

(13)

58

31%

(129%)

Operating Profit

3,878

2,812

1,005

38%

286%

EBITDA

4,170

3,113

1,325

34%

215%

Net Income

2,333

2,644

546

(12%)

327%

Sales Outside Mexico

7,767

6,691

4,072

16%

91%

Sales in Mexico

7,491

6,664

3,524

12%

113%

Total Sales (Tons)

687

682

540

1%

27%

Product

Thousands of Tons

Jan-Jun 2021

Millions of Pesos Jan-Jun 2021

Average Price per Ton

Jan-Jun

2021

Thousands of Tons

Jan – Jun 2020

Millions of Pesos Jan- Jun 2020

Average Price per Ton

 Jan-Jun

2020

Commercial Profiles

880

17,473

19,856

806

9,952

12,347

Special Profiles

489

11,140

22,781

356

6,144

17,258








Total

1,369

28,613

20,901

1,162

16,096

13,852








Product

Thousands of Tons

Apr-Jun 2021

Millions of Pesos     Apr-Jun 2021

Average Price per Ton

Apr-Jun

2021

Thousands of Tons

Jan – Mar

2021

Millions of Pesos     Jan- Mar

2021

Average Price per Ton

Jan-Mar

2021

Thousands of Tons Apr-Jun

2020

Millions of Pesos Apr-Jun 2020

Average Price per Ton Apr-Jun

2020

Commercial Profiles

445

9,358

21,029

435

8,114

18,653

 

408

5,172

12,676

Special Profiles

242

5,900

24,380

247

5,241

21,219

 

132

2,424

18,363











Total

687

15,258

22,210

682

13,355

19,582

540

7,596

14,066











Any forward-looking information contained herein is inherently subject to various risks, uncertainties and assumptions which, if incorrect, may cause actual results to vary materially from those anticipated, expected or estimated. The company assumes no obligation to update any forward-looking information contained herein.

Contact:
José Luis Tinajero
Mario Moreno Cortez
Grupo Simec, S.A.B. de C.V.
Calzada Lázaro Cárdenas 601
44440 Guadalajara, Jalisco, México
52 55 1165 1025
52 33 3770 6734

SOURCE Grupo Simec, S.A.B. de C.V.

Related Links

http://www.gsimec.com.mx

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.prnewswire.com:443/news-releases/grupo-simec-announces-results-of-operations-for-the-first-six-months-of-2021-301333101.html

Energy

Global Waste to Energy Industry to Witness Widespread Growth Owing to Growing Production of Heat and Electricity using Waste to Energy Technique – Exclusive Report [147 pages] by Research Dive

Published

on

Rising demand for waste to energy technique to produce heat and electricity is fueling the global waste to energy market growth. The COVID-19 pandemic has negatively impacted the market. The Asia-Pacific market is projected to observe speedy growth

NEW YORK, July 21, 2021 /PRNewswire/ — Research Dive has added a new report to its offering titled, “Waste to Energy Market by Technology (Thermal, Biochemical, and Others) and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028″.

The Global Waste to Energy Market is expected to garner $70,700.0 million by 2028, rising at a CAGR of 4.7% from 2021 to 2028. The report offers all-inclusive insights into the present condition and future scope of the industry by keenly scrutinizing market drivers and restraints, opportunities, major segments, and regions.

Download Sample Report (PDF) of Waste to Energy Industry Report.

Key Segment Findings of the Market:

The market is segmented on the basis of technology and region.

  • Among technology segment, the thermal sub-segment is anticipated to dominate the market by surpassing $2,438.1 million during the forecast period. This growth is chiefly because thermal energy generated from incineration is increasingly used to drive steam turbines for electricity generation.
  • Among region, the Asia-Pacific region market is estimated to observe speedy growth and gather a revenue of $25,982.3 million by 2028, growing at a CAGR of 5.2% during the forecast period. This growth is mostly because of the growing population in this region which is migrating toward cities, and thus generating large amount of waste on a daily basis.

Get 10% OFF on Customization of Waste to Energy Market Report.

Waste to Energy Market Dynamics

The key factor fueling the growth of the global waste to energy market is the increasing production of heat and electricity using waste to energy technique. The energy generated using waste to energy method by burning of municipal solid waste is an effective and economical alternative to coal power plants. This factor is estimated to open doors to innovative opportunities for the market growth in the projected period. However, huge costs involved in the installation of waste to energy plants is expected to impede the market growth during the forecast period.

Impact of the COVID-19 Pandemic on the Waste to Energy Market:

The COVID-19 pandemic has made a negative impact on the growth of the global waste to energy market in 2020. The restrictions imposed in the COVID-19 pandemic period on transportation, commercial activities, and cessation of manufacturing & production industries have adversely impacted the waste management processes. The restriction during the pandemic has affected the availability of raw materials and disrupted the supply chains, and hence hindered the installation of waste to energy plants in the lockdown period. All these factors are deterring the market growth in the crisis period.

Get Access to comprehensive analysis of the Impact of COVID-19 on Waste to Energy Market

Top 10 Players of the Waste to Energy Industry

The major players of the global waste to energy industry are

  1. Babcock & Wilcox Enterprises, Inc.
  2. Abu Dhabi National Energy Company Pjsc (TAQA)
  3. Veolia
  4. China Everbright International Limited
  5. John Wood Group Plc
  6. CNIM
  7. C&G Ltd.
  8. Suez
  9. Waste Management, Inc.
  10. Covanta Holding Corporation

Numerous business strategies, such as acquisitions, mergers, R&D activities, new product developments, and much more, are implemented by these players to attain a strong position in the global market.

For example, in November 2020, K. T. Rama Rao, an Indian politician serving as the Minister for Municipal Administration & Urban Development, Industries & Commerce, announced to launch waste to energy plant at Jawaharnagar, a municipal corporation located in Medchal-Malkajgiri district in the Indian state of Telangana.

Moreover, the report offers other key details of leading players such as business tactics, financial performance, and product/service range of these players along with Porter’s five forces analysis and SWOT analysis. –Inquire and Get Quick Access to Top Companies Development Strategies Summary Report [80 pages]

More about Waste to Energy:

Trending Waste Management Industry Reports:

  1. Municipal Solid Waste Management Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 – Request to Download Sample Report
  2. Food Waste Management Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 – Request to Download Sample Report
  3. Pharmaceutical Waste Management Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 – Request to Download Sample Report
  4. Wastewater Treatment Chemicals Market: Global Opportunity Analysis and Industry Forecast, 2019–2026 – Request to Download Sample Report

About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

Contact:

Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
Toll Free: 1-888-961-4454
E-mail: [email protected]
Website: https://www.researchdive.com
Blog:  https://www.researchdive.com/blog/
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521

SOURCE Research Dive


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.prnewswire.com:443/news-releases/global-waste-to-energy-industry-to-witness-widespread-growth-owing-to-growing-production-of-heat-and-electricity-using-waste-to-energy-technique–exclusive-report-147-pages-by-research-dive-301338601.html

Continue Reading

Energy

Box Pure Air, LLC Secures Initial and Repeat School Purchase Orders as Indoor Air Quality Demands Attention Becoming Focal Point in Health, Returning to School, Work and Daily Life

Published

on

PHOENIX, July 21, 2021 /PRNewswire/ — SinglePoint Inc. (OTC: SING) today announced its majority owned subsidiary, Box Pure Air, LLC, has secured additional purchase orders as global demand for improved indoor air quality at work, at school, at home and at the places we gather continues to increase.

There continues to be a growing need for better ventilation indoors, and the need for effective plug and play solutions like the portable, certified HEPA air purification units provided by Box Pure Air. Box Pure Air has made sales in multiple verticals including salons, restaurants and schools. Portable air purifiers are being utilized to remove particles and pathogens on a room-by-room basis. The company’s initial focus was responding to school RFP’s and RFQ’s, with an aggregated total of over $50M dollars, as billions of dollars have been set aside by the federal government to improve ventilation and indoor air quality. Some of the funding has started to be released providing school superintendents, administrators and facility managers needed financial resources that can assist in preparation for the upcoming school year. Box Pure Air is experiencing increased business development activity and early stage purchase orders from schools as detailed in this press release.

Everyone deserves to breathe clean air. Schools are preparing to return to a more normal schedule, and we are committed to providing plug and play, industrial and commercial grade air purification units that assist in creating a safer environment by increasing air exchanges and filtering out harmful particulates. Clean air and safe air zones have always been essential, but recent events and studies have reinforced the importance of clean air as we spend a majority of our time inside. With variants on the rise, it has been a rush to ensure everyone is doing what they can to return safely. In a recent Podcast published July 15, 2021, Joseph Allen, an associate professor of exposure assessment science at Harvard University stated the following: “This is an airborne virus, it is spread through the air. Almost every single case of transmission that has happened, has been time indoors in low under ventilated locations.” Through the American Rescue Plan schools have been awarded nearly $200 Billion to ensure schools can properly assess and ensure requirements are being met. Box Pure Air delivers plug and play units that will provide immediate relief to school as a whole or simply for problem areas or “hot” spots.

“The average person spends 90% of their time indoors. Ventilation has largely been ignored until recently. In fact, it has been shut down in an effort to improve efficiencies of homes and buildings which has resulted in the opposite effect and created “sick” buildings. We are committed to finding solutions that help improve and sustain the places we spend all of our time. Our mission to improve our environments and the quality of life for those people we serve drives our team daily. We will continue to execute our mission throughout 2021 and beyond,” Wil Ralston CEO.

Mr. Ralston goes on to say, “This is just the beginning of what we are working to accomplish. Our team has made significant progress over the last couple quarters much of which has yet to reflect itself into the share price. However, these fundamental improvements are the foundation of building a long-term viable business and have recently resulted in raising the most accretive capital to date in just a simple long term note with interest. We still have a lot of work to do and the recent purchase orders albeit just initial orders are evidence we are on the right track.”

Schools are just the beginning of the planned roll out. Air Quality is fundamental to overall health. As more research is published the data shows, poor air quality can lead to inflammation in the lungs and contribute to overall health concerns especially in those with underlying conditions. While good air quality leads to more productivity, better performance and overall general health.

About SinglePoint Inc.
SinglePoint Inc. is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and a healthier life. For more information, visit the Company’s website (www.singlepoint.com) and connect on LinkedIn and Twitter.

Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential plans and objectives of the Company, the use of proceed, anticipated growth and future expansion, are forward-looking statements that involve risks and uncertainties.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Investor Contact: 
JTC Team, LLC
Jenene Thomas
833-475-8247
[email protected] 

SOURCE SinglePoint Inc.

Related Links

singlepoint.com

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.prnewswire.com:443/news-releases/box-pure-air-llc-secures-initial-and-repeat-school-purchase-orders-as-indoor-air-quality-demands-attention-becoming-focal-point-in-health-returning-to-school-work-and-daily-life-301338599.html

Continue Reading

Energy

Evaluate and Track Fuel Product Companies | View Company Insights for 100+ Fuel Product Manufacturers and Suppliers | BizVibe

Published

on

Get Free Access to These 100+ Profiles

Each profile is free to view and packed with high-quality insights, providing businesses with detailed company information. Users can take advantage of these insights to identify, target, and connect with the right fuel product manufacturers and suppliers. This company information includes employee insights, company competitors, the impact of emerging trends and challenges, the latest news, and more.

Free Insights Included for all Fuel Product Manufacturer and Supplier Profiles:

  • List of product and service category offerings and primary operating industries
  • Risk of doing business score across four different metrics
  • List of key executives and their roles within the company
  • Company financials and general organizational information
  • Global, national, and regional competitors
  • List of key clients
  • Top trends and challenges within operating industry and expected influence on business impact
  • Latest company news with the ability to sign up for timely news alerts

Get Started to View Free Company Insights

Fuel Product Companies on BizVibe

BizVibe’s platform contains 10M+ company profiles, spanning across 200+ countries, categorized into 40,000+ products and services. There are 100+ company profiles related to fuel manufacturers and suppliers on BizVibe, covering 10+ product and service categories. Each company profile contains detailed insights dedicated to helping procurement and sales teams find trusted suppliers and target sales prospects.

Examples of fuel manufacturer and supplier company profiles that can be discovered on BizVibe include:

  • Fuel cell manufacturers
  • Fuel tank manufacturers
  • Fuel pipe manufacturers
  • Bioethanol fuel manufacturers
  • Jet fuel manufacturers

Get Free Company Profile Access for all Categories

Company Profiles for Buyers and Sellers

BizVibe’s modern B2B platform is designed to help both global buyers and sellers. Powered by the latest best-in-class solutions, BizVibe provides outstanding product features for both category managers and sales professionals.

Features for Buyers:

  • Quickly discover the right suppliers
  • Create short lists and custom alerts
  • Mitigate supplier risk and evaluate suppliers
  • Send RFIs/RFPs

Learn how BizVibe helps buyers: https://www.bizvibe.com/find-suppliers

Features for Sellers:

  • Target the right sales prospects
  • Qualify leads
  • Analyze buyer potential
  • API integration and data enrichment

Learn how BizVibe helps sellers: https://www.bizvibe.com/sellers

About BizVibe

BizVibe has been conceptualized and built by a team based out of Toronto, Bangalore, and London. We are a branch of Infiniti Research and have dedicated units in all three locations. BizVibe helps buyers find the most relevant suppliers from around the world and help sellers target prospects who need their products and/or services. For more information, please visit www.bizvibe.com and start for free today.

Contact

BizVibe

Jesse Maida

Email: [email protected]

+1 855-897-5880

Website: https://www.bizvibe.com/

SOURCE BizVibe


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.prnewswire.com:443/news-releases/evaluate-and-track-fuel-product-companies–view-company-insights-for-100-fuel-product-manufacturers-and-suppliers–bizvibe-301335065.html

Continue Reading

Energy

Global 3D Printed Electronics Markets 2021-2031: Key Market Opportunities, Industry Forecasts, Leading Companies, and Supply Chain Issues & Strategies

Published

on

DUBLIN, July 21, 2021 /PRNewswire/ — The “3D Printed Electronics Markets: A 10-Year Forecast of Applications, Processes and Materials” report has been added to ResearchAndMarkets.com’s offering.This report analyzes how effective 3D printing is in each of these applications and what the challenges are.

Printing processes have been used in electronics since the earliest days of electronics. For the most part however, until relatively recently “printed electronics” mostly referred to printed conductive traces and processes that more resembled coating than printing. There was also an attempt to 2D print polymer electronics for IoT-like networks, but ultimately this has never really taken off.

Meanwhile, in the past decade, 3D printing (additive manufacturing) has taken off using numerous processes and materials and aimed at equally numerous applications.

The report also includes market forecasts for these applications with breakouts by type of 3D printing process, materials, etc.

In addition, the report examines technical, marketing and supply change trends and challenges. Finally, the report contains strategic profiles of the key firms that have made the 3D printed electronics market their own.

Key Topics Covered:

Executive Summary
E.1 Summary of key market opportunities in 3D printed electronics
E.2 Summary of ten-year market forecasts
E.3 Key companies shaping the 3D-printed electronics sector
E.4 Summary of supply chain issues and strategies

Chapter One: Introduction
1.1 Background to this report
1.2 Objectives and scope of this report
1.3 Methodology of this report
1.4 Plan of this report

Chapter Two: Potential Applications of 3D Printing in the Electronics Sector
2.1 3D-printed electronics vs. 2D-printed electronics vs. conventional electronics
2.1.1 Applying electronics to 3D surfaces
2.1.2 3D printing for in-mold electronics
2.1.3 Printing of complete devices: The ultimate goal of 3D-printed electronics
2.2 Components
2.2.1 PCBs
2.2.2 Sensors
2.2.3 Passive electronics components
2.3 Displays
2.3 Automotive electronics
2.3.1 Interior panels
2.3.2 Heaters
2.4 Medical electronics
2.5 Consumer electronics
2.6 Key points from this chapter

Chapter Three: 3D Printing and Related Processes Useful in the Electronics Sector
3.4 Ink-jet printing
3.2 Aerosol printing
3.3 Laser direct structuring
3.4 Extruded paste processing
3.5 Transfer printing processes
3.6 Related molding processes
3.7 Stereo lithography
3.8 Binder jet technology
3.9 Metallization and post processing
3.10 Key points from this chapter

Chapter Four: 3D Printing Electronics Materials
4.1 Conductors
4.1.1 Silver and copper
4.1.2 Carbon and nanocarbon
4.2 Semiconductors
4.3 Polymers, ceramics and composites
4.4 Substrates
4.4.1 Stretchable and conformal electronics
4.4.2 Transparent electronics
4.5 Filaments as electronic wiring
4.6 Role of metamaterials in 3D printed electronics
4.7 Key points from this chapter

Chapter Five: Companies Active in 3D Printed Electronics
5.1 Ceradrop
5.2 Draper
5.3 Elantas
5.4 Elephantech
5.5 Molex
5.6 NanoDimension
5.7 NeoTech AMT
5.8 Novacentrix
5.9 nScrypt
5.10 Optomec
5.11 Plastic Electronic
5.12 Xerox

Chapter Six: Ten-year Forecasts of the 3D Printed Electronics Business
6.1 Forecasting methodology
6.2 Ten-year forecast by application: by 3D-printed surfaces, in-mold electronics, complete devices
6.3 Ten-year forecast by type of application: Printing process used
6.4 Ten-year forecast by type of application: Functional materials
6.5 Ten-year forecasts by type of application: Substrate
6.6 Ten-year forecast of shipments/install base of printers for 3D printed electronics
6.7 Ten-year forecast of 3D printed electronics by geography

For more information about this report visit https://www.researchandmarkets.com/r/jiufy1

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]   

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.prnewswire.com:443/news-releases/global-3d-printed-electronics-markets-2021-2031-key-market-opportunities-industry-forecasts-leading-companies-and-supply-chain-issues–strategies-301338473.html

Continue Reading
Esports3 days ago

How to reduce lag and increase FPS in Pokémon Unite

Esports4 days ago

Coven skins for Ashe, Evelynn, Ahri, Malphite, Warwick, Cassiopeia revealed for League of Legends

Esports3 days ago

Will New World closed beta progress carry over to the game’s full release?

Aviation5 days ago

And Here’s Yet Another Image Of Russia’s New Fighter Concept That Will Be Officially Unveiled Tomorrow

Esports3 days ago

Can you sprint in New World?

Esports3 days ago

How to add friends and party up in New World

Esports3 days ago

How to claim New World Twitch drops

AR/VR3 days ago

Moth+Flame partners with US Air Force to launch Virtual Reality sexual assault prevention and response training

Esports4 days ago

How to complete FUTTIES Alessandrini’s objectives in FIFA 21 Ultimate Team

Esports3 days ago

Twitch streamer gets banned in New World after milking cow

Esports4 days ago

Everything we know about Seer in Apex Legends

Aerospace4 days ago

Boeing crew capsule mounted on Atlas 5 rocket for unpiloted test flight

HRTech5 days ago

Walmart to pay $125 mn in disability discrimination case?

Esports4 days ago

What Time Does League of Legends Patch 11.15 Go Live?

Esports4 days ago

Evil Geniuses top laner Impact breaks all-time LCS early-game gold record in win over Dignitas

Blockchain4 days ago

Rothschild Investment Purchases Grayscale Bitcoin and Ethereum Trusts Shares

HRTech5 days ago

TCS is UK’s leading software/IT services firm and recruiter

Gaming5 days ago

Pokémon UNITE – 13 Things You Need To Know

Blockchain4 days ago

Uniswap (UNI) and AAVE Technical Analysis: What to Expect?

Blockchain3 days ago

BNY Mellon Joins State Street Into Crypto Trading, Backs Pure Digital Trading Platform

Trending